BYD sold a record-breaking 514,809 new energy vehicles (NEVs) in December, bringing the cumulative 2024 sales to 4,272,145 units, up 41.3% compared to 3 million in 2023. This marks the first time BYD sold over 4 million cars annually.
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Out of it, 1,764,992 were passenger BEVs (battery electric vehicles), an increase of 12% from 1.6 million in 2023. All-electric vehicles represented 41.5% of BYD’s total sales in 2024.
BYD sold 2,485,378 passenger PHEVs (plug-in hybrid vehicles) in 2024, up 72.8% from 1.4 million in 2023. Plug-in hybrids represented 58.5% of BYD’s total sales in 2024.
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BYD ceased production of ICE-only vehicles in April 2022, focusing only on new energy vehicles, the Chinese term for BEVs, PHEVs, and FCEVs (hydrogen). FCEV sales are nearly non-existent in China.
BYD sales report includes passenger and commercial vehicles. In December, the company sold 509,440 passenger vehicles, up 49.8 % from the previous year. This marks the third month that BYD has surpassed the 500,000 milestone. This brings the cumulative 2024 sales of passenger vehicles to 4,250,370 units.
Commercial vehicle sales in December were 5,369, up 520% from the previous year. The cumulative 2024 sales were 21,775 units.
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BYD exported 57,154 vehicles overseas in December, up 58% from the previous year. In 2024, it sold 417,204 vehicles outside China, up 71.9% from 2023.
In addition to cars, BYD is the second-largest battery supplier in China, with customers such as Tesla, Nio, and Toyota. BYD installed 23.5 GWh of battery capacity in December, up 32% from last year. In 2024, cumulative battery installations reached 194.7 GWh, up 29% from 2023. These include batteries installed in EVs and stationary energy storage.